Can I retire at age 51 with 1,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$83,405$82,662$81,937$81,230$80,539$79,931
2 years$41,290$40,521$39,775$39,053$38,352$37,739
3 years$27,253$26,481$25,737$25,021$24,332$23,733
4 years$20,236$19,466$18,730$18,027$17,354$16,773
5 years$16,027$15,262$14,535$13,846$13,192$12,632
6 years$13,222$12,462$11,747$11,073$10,438$9,899
7 years$11,219$10,466$9,762$9,104$8,489$7,971
8 years$9,717$8,971$8,279$7,637$7,043$6,546
9 years$8,550$7,811$7,130$6,505$5,931$5,456
10 years$7,617$6,885$6,216$5,607$5,053$4,599
11 years$6,854$6,129$5,473$4,880$4,346$3,912
12 years$6,219$5,501$4,857$4,280$3,766$3,353
13 years$5,681$4,972$4,339$3,779$3,284$2,890
14 years$5,221$4,519$3,899$3,355$2,879$2,504
15 years$4,823$4,128$3,520$2,992$2,535$2,179
16 years$4,475$3,788$3,192$2,679$2,240$1,903
17 years$4,168$3,488$2,904$2,407$1,986$1,666
18 years$3,895$3,223$2,651$2,169$1,766$1,463
19 years$3,652$2,987$2,427$1,960$1,574$1,288
20 years$3,433$2,776$2,227$1,775$1,406$1,135
21 years$3,235$2,586$2,049$1,611$1,258$1,003
22 years$3,055$2,414$1,888$1,465$1,128$887
23 years$2,891$2,257$1,743$1,334$1,013$786
24 years$2,742$2,115$1,612$1,217$910$697
25 years$2,604$1,985$1,493$1,111$819$618
26 years$2,477$1,865$1,385$1,016$738$549
27 years$2,360$1,756$1,286$930$665$488
28 years$2,251$1,654$1,196$852$600$434
29 years$2,150$1,561$1,113$781$542$387
30 years$2,056$1,474$1,036$717$490$344
31 years$1,968$1,393$966$659$443$307
32 years$1,886$1,318$901$605$400$273
33 years$1,809$1,248$842$557$362$244
34 years$1,736$1,183$786$512$328$218
35 years$1,668$1,122$735$471$297$194
36 years$1,604$1,065$688$434$269$173
37 years$1,544$1,012$644$400$244$155
38 years$1,486$962$603$369$221$138
39 years$1,432$914$565$340$201$123
40 years$1,381$870$529$314$182$110
41 years$1,332$828$496$289$165$98
42 years$1,286$789$466$267$150$88
43 years$1,242$751$437$246$136$79
44 years$1,200$716$410$228$123$70
45 years$1,160$683$385$210$112$63
46 years$1,122$652$362$194$102$56
47 years$1,086$622$340$179$92$50
48 years$1,051$594$319$166$84$45
49 years$1,018$567$300$153$76$40
50 years$986$541$282$142$69$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,010,000, adding $5,716 every year, while hoping to spend $21,814 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 29/41/30 Blend
50$1,010,000$1,010,000$1,010,000$1,010,000
51$1,118,916$1,065,386$1,049,731$1,140,912
52$1,209,836$1,094,380$1,061,687$1,187,883
53$1,309,298$1,124,064$1,073,313$1,236,084
54$1,418,151$1,154,448$1,084,573$1,287,476
55$1,537,329$1,185,542$1,095,434$1,342,350
56$1,667,861$1,217,359$1,105,855$1,401,028
57$1,810,880$1,249,906$1,115,798$1,463,865
58$1,967,633$1,283,194$1,125,220$1,531,249
59$2,139,494$1,317,233$1,134,078$1,603,611
60$2,327,976$1,352,032$1,142,323$1,681,424
61$2,534,747$1,387,598$1,149,908$1,765,208
62$2,761,642$1,423,941$1,156,781$1,855,538
63$3,010,683$1,461,068$1,162,886$1,953,047
64$3,284,098$1,498,986$1,168,168$2,058,432
65$3,584,340$1,537,700$1,172,567$2,172,462
66$3,914,113$1,577,218$1,176,018$2,295,982
67$4,276,394$1,617,543$1,178,456$2,429,927
68$4,674,464$1,658,681$1,179,812$2,575,325
69$5,111,936$1,700,633$1,180,012$2,733,309
70$5,592,791$1,743,401$1,178,981$2,905,129
71$6,121,416$1,786,988$1,176,637$3,092,163
72$6,702,643$1,831,393$1,172,896$3,295,928
73$7,341,796$1,876,614$1,167,671$3,518,099
74$8,044,739$1,922,649$1,160,869$3,760,519
75$8,817,937$1,969,493$1,152,392$4,025,223
76$9,668,508$2,017,140$1,142,139$4,314,452
77$10,604,299$2,065,583$1,130,004$4,630,676
78$11,633,953$2,114,812$1,115,874$4,976,620
79$12,766,995$2,164,816$1,099,634$5,355,285
80$14,013,917$2,215,580$1,081,161$5,769,984
81$15,386,283$2,267,090$1,060,326$6,224,363
82$16,896,833$2,319,327$1,036,997$6,722,445
83$18,559,606$2,372,270$1,011,032$7,268,664
84$20,390,069$2,425,895$982,285$7,867,908
85$22,405,267$2,480,175$950,602$8,525,565
86$24,623,981$2,535,080$915,824$9,247,574
87$27,066,905$2,590,576$877,782$10,040,483
88$29,756,842$2,646,628$836,300$10,911,508
89$32,718,920$2,703,192$791,197$11,868,606
90$35,980,827$2,760,226$742,279$12,920,546
91$39,573,072$2,817,678$689,346$14,076,995
92$43,529,276$2,875,494$632,189$15,348,610
93$47,886,485$2,933,616$570,590$16,747,137
94$52,685,521$2,991,978$504,320$18,285,522
95$57,971,370$3,050,511$433,140$19,978,039
96$63,793,601$3,109,137$356,801$21,840,419
97$70,206,837$3,167,774$275,043$23,890,002
98$77,271,272$3,226,332$187,595$26,145,903
99$85,053,234$3,284,715$94,172$28,629,188
100$93,625,816$3,342,818$0$31,363,081